Latest news with #PriceControlandAnti-ProfiteeringRegulations2011
Barnama
18-07-2025
- Business
- Barnama
Op Kesan 4.0: KPDN Selangor Issues 120 Notices Following SST Expansion
SHAH ALAM, July 18 (Bernama) -- The Ministry of Domestic Trade and Cost of Living (KPDN) Selangor branch has issued 120 notices to traders following inspections after the expanded Sales and Services Tax (SST) came into effect on July 1. State chief enforcement officer Mohd Hanizam Kechek said the notices, issued under the Price Control and Anti-Profiteering Act 2011, aim to gather details on pricing and costs, not to penalise traders. The checks under Ops Kesan 4.0 covered 120 premises and 416 items, including wet goods and canned food, across several districts including Shah Alam, Petaling Jaya, Kajang and Gombak. 'Traders informed us they could absorb the SST increase, and our checks showed no evidence of profiteering or price hikes. 'No official complaints on price increases have been received so far, apart from repeated issues involving missing price tags,' Mohd Hanizam said, adding that monitoring will continue to ensure price stability, especially for essential goods exempted from SST. Meanwhile, the KPDN Perlis branch issued 27 notices to traders under the same operation. State director Rohaida Hassan said traders must submit detailed price and cost data within four working days for analysis. 'We inspected 27 premises involving 119 stock keeping units (SKUs) to prevent profiteering,' she said, adding that legal action will be taken if unreasonable price increases are detected. Ops Kesan 4.0 is conducted under the Price Control and Anti-Profiteering Regulations 2011 and the 2018 mechanism to determine unreasonable high profits, covering both SST-related goods and essential items such as standard chicken, local beef (excluding tenderloin), cabbage, general-purpose wheat flour, canned sardines, sweetened creamer, condensed milk, and white bread.
The Sun
18-07-2025
- Business
- The Sun
KPDN Selangor issues 120 notices after SST expansion
SHAH ALAM: The Ministry of Domestic Trade and Cost of Living (KPDN) Selangor branch has issued 120 notices to traders following inspections after the expanded Sales and Services Tax (SST) took effect on July 1. State Chief Enforcement Officer Mohd Hanizam Kechek clarified that the notices, issued under the Price Control and Anti-Profiteering Act 2011, aim to gather pricing and cost details rather than penalise traders. The inspections under Ops Kesan 4.0 covered 120 premises and 416 items, including wet goods and canned food, across districts such as Shah Alam, Petaling Jaya, Kajang, and Gombak. 'Traders informed us they could absorb the SST increase, and our checks showed no evidence of profiteering or price hikes,' said Mohd Hanizam. He noted that no official complaints on price increases have been received, though missing price tags remain a recurring issue. Monitoring will continue to ensure price stability, especially for essential goods exempted from SST. Meanwhile, the KPDN Perlis branch issued 27 notices under the same operation. State director Rohaida Hassan stated that traders must submit detailed price and cost data within four working days for analysis. 'We inspected 27 premises involving 119 stock keeping units (SKUs) to prevent profiteering,' she said, adding that legal action will follow if unreasonable price hikes are detected. Ops Kesan 4.0 operates under the Price Control and Anti-Profiteering Regulations 2011 and the 2018 mechanism to identify excessive profits. The checks cover SST-related goods and essential items like standard chicken, local beef (excluding tenderloin), cabbage, general-purpose wheat flour, canned sardines, sweetened creamer, condensed milk, and white bread. - Bernama
Malaysian Reserve
18-07-2025
- Business
- Malaysian Reserve
OP Kesan 4.0: KPDN Selangor issues 120 notices following SST expansion
THE Ministry of Domestic Trade and Cost of Living (KPDN) Selangor branch has issued 120 notices to traders following inspections after the expanded Sales and Services Tax (SST) came into effect on July 1. State chief enforcement officer Mohd Hanizam Kechek (picture) said the notices, issued under the Price Control and Anti-Profiteering Act 2011, aim to gather details on pricing and costs, not to penalise traders. The checks under Ops Kesan 4.0 covered 120 premises and 416 items, including wet goods and canned food, across several districts including Shah Alam, Petaling Jaya, Kajang and Gombak. 'Traders informed us they could absorb the SST increase, and our checks showed no evidence of profiteering or price hikes. 'No official complaints on price increases have been received so far, apart from repeated issues involving missing price tags,' Mohd Hanizam said, adding that monitoring will continue to ensure price stability, especially for essential goods exempted from SST. Meanwhile, the KPDN Perlis branch issued 27 notices to traders under the same operation. State director Rohaida Hassan said traders must submit detailed price and cost data within four working days for analysis. 'We inspected 27 premises involving 119 stock keeping units (SKUs) to prevent profiteering,' she said, adding that legal action will be taken if unreasonable price increases are detected. Ops Kesan 4.0 is conducted under the Price Control and Anti-Profiteering Regulations 2011 and the 2018 mechanism to determine unreasonable high profits, covering both SST-related goods and essential items such as standard chicken, local beef (excluding tenderloin), cabbage, general-purpose wheat flour, canned sardines, sweetened creamer, condensed milk, and white bread. — BERNAMA
